Karandaaz (KRN) is looking for Head of Risk & Compliance who will lead and manage a team of risk professionals that is responsible for the development and implementation of risk management strategy for Karandaaz, encompassing credit, market, operational and other risks, along with Compliance.These responsibilities are carried out with the objective to safeguard assets health, credit underwriting,ensure timely identification/prevention/mitigation of financial/reputational risks through counter measures, and close risk exposure within the limits of organization’s policies, SOPs, SBP/SECP regulations, approvals from concerned authorities, directions/guidelines from the CEO/Board, and directives from the Government.
Job Description:
Credit, Equity & Market Risk
Strategic Operations & Directions
Risk Analytics
Policy Formulation & Implementation
Basic Eligibility Criteria
Education: Masters degree or equivalent education with majors in Finance/Economics/Business Administration required.Candidates with either Chartered Financial Analyst (CFA), or Financial Risk Manager (FRM) certification are preferred.
Experience: Minimum prior experience of 10 years in Risk Management in Financial Services industry is essential. Experience of Private Equity/Investment Banks will be given more weightage.Should have adequate knowledge of credit risk, and how it is evaluated on an entity, and portfolio level
Behavioral Skills & Competencies
KARANDAAZ PAKISTAN, established in 2014 and registered with the Securities and Exchange Commission of Pakistan as a nonprofit, is promoting access to finance for small businesses through commercially directed investments and financial inclusion for individuals. Karandaaz operates through four programme vehicles:Karandaaz Capital Invests growth capital in small and medium enterprises (SMEs) with the objective of generating commercial financial returns for Karandaaz and supporting broad based employment generation in Pakistan.Karandaaz Digital Provides technical assistance and services to promote financial inclusion through technology enabled solutions. Karandaaz Digital is working with national regulators, public agencies, private corporations, and technology entrepreneurs to strengthen national payments infrastructure, digitizing government to people payments, corporate supply chains, and supporting FinTech innovation in Pakistan.Knowledge Management and Communications Develops and disseminates evidence based insights and solutions to inform the core themes of the company, including innovation, women entrepreneurship and youth, and to influence the financial ecosystem to promote financial inclusion in Pakistan.Karandaaz Innovation Manages the Innovation Challenge Fund (ICF) providing risk capital and grants to partners with an aim to generate innovative yet practicable solutions for solving complex problems in areas of financial inclusion and entrepreneurship. The fund is especially focused on addressing persisting barriers faced by SMEs, women and youth in accessing appropriate financial services and participating in the economy. Karandaaz Pakistan has received funding from the United Kingdom’s Department for International Development (DFID) and the Bill & Melinda Gates Foundation (BMGF).